Goldman Sachs expects China tariffs to drop soon. But the bank still puts the chance of a recession at 45%

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Goldman Sachs expects China tariffs to drop soon. But the bank still puts the chance of a recession at 45%

fortune.com/article/goldman-sachs-china-tariffs-drop-recession-risk-bessent-trump-trade

American and Chinese officials are set to talk trade Saturday and Sunday. But Treasury Secretary Scott Bessent warned not to expect an immediate trade deal—and there remains a tariff-related recession risk beyond the two economies, according to Goldman Sachs. Plus, today is Fed day: Most…

This story appeared on fortune.com, 2025-05-07 16:48:40.